首页 > 最新文献

Review of Development Economics最新文献

英文 中文
The unintended energy efficiency gain from tax incentives for investment: Micro‐evidence from quasi‐natural experiments in China 投资税收激励带来的意想不到的能源效率收益:来自中国准自然实验的微观证据
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-10-09 DOI: 10.1111/rode.13058
Yijia Song, Xitao Li, Ruoxi Liu, Xin Peng
Abstract In light of the economic recession in the post‐pandemic era, countries have implemented a wide array of fiscal stimulus measures as a means of addressing the prevailing economic challenges but often neglect to consider the consequences of these stimuli on the environment. Therefore, it is crucial for the government to take environmental considerations into economic stimulus packages, aiming to achieve a sustainable “green recovery.” Using China's value‐added tax (VAT) reform as a quasi‐natural experiment, we find that VAT incentives have significantly improved the firm's energy efficiency through factor substitution and technological progress, indicating that tax incentives are beneficial to economic stimulus and energy saving. In addition, we find that energy market distortions play a significant negative moderating role, which weakens energy efficiency gained from the VAT incentives. Furthermore, heterogeneity analysis shows that the improvement of energy efficiency is concentrated in non‐state, high‐capital intensity, and high financing‐dependent firms. According to our findings, policymakers should have a thorough understanding of the potential of tax incentives for investment as a policy tool for achieving a “green recovery” as long as the energy market is efficient.
鉴于大流行后时代的经济衰退,各国实施了一系列广泛的财政刺激措施,作为应对当前经济挑战的手段,但往往忽视了这些刺激措施对环境的影响。因此,政府在经济刺激方案中考虑环境因素,以实现可持续的“绿色复苏”至关重要。以中国增值税改革为准自然实验,我们发现增值税激励通过要素替代和技术进步显著提高了企业的能源效率,表明税收激励有利于经济刺激和节能。此外,我们发现能源市场扭曲具有显著的负调节作用,这削弱了从增值税激励中获得的能源效率。此外,异质性分析表明,能源效率的提高主要集中在非国有、高资本强度和高融资依赖的企业。根据我们的研究结果,只要能源市场是有效的,政策制定者就应该彻底了解税收激励投资作为实现“绿色复苏”的政策工具的潜力。
{"title":"The unintended energy efficiency gain from tax incentives for investment: Micro‐evidence from quasi‐natural experiments in China","authors":"Yijia Song, Xitao Li, Ruoxi Liu, Xin Peng","doi":"10.1111/rode.13058","DOIUrl":"https://doi.org/10.1111/rode.13058","url":null,"abstract":"Abstract In light of the economic recession in the post‐pandemic era, countries have implemented a wide array of fiscal stimulus measures as a means of addressing the prevailing economic challenges but often neglect to consider the consequences of these stimuli on the environment. Therefore, it is crucial for the government to take environmental considerations into economic stimulus packages, aiming to achieve a sustainable “green recovery.” Using China's value‐added tax (VAT) reform as a quasi‐natural experiment, we find that VAT incentives have significantly improved the firm's energy efficiency through factor substitution and technological progress, indicating that tax incentives are beneficial to economic stimulus and energy saving. In addition, we find that energy market distortions play a significant negative moderating role, which weakens energy efficiency gained from the VAT incentives. Furthermore, heterogeneity analysis shows that the improvement of energy efficiency is concentrated in non‐state, high‐capital intensity, and high financing‐dependent firms. According to our findings, policymakers should have a thorough understanding of the potential of tax incentives for investment as a policy tool for achieving a “green recovery” as long as the energy market is efficient.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135093765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Relative contributions of indirect taxes and inflation on inequality: What does the Turkish data reveal? 间接税和通胀对不平等的相对贡献:土耳其的数据揭示了什么?
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-10-06 DOI: 10.1111/rode.13055
Selçuk Gemicioğlu, Burça Kızılırmak, Uğur Akkoç
Abstract One way inflation affects consumption inequality is through its varying impact on the purchasing power of different households. Indirect taxes, which affect commodity price levels, are another effective factor influencing consumption inequality. Turkey is a highly unequal country with a long history of high inflation. Moreover, indirect taxes have been used frequently as a policy tool in the last decades. This study develops a novel approach to examining the relative contributions of household inflation rates and indirect tax changes to real consumption inequality and applies it to the case of Turkey. The analysis is carried out using both household‐level data and artificial panel data created to apply the Shapley and Owen decomposition methods. The findings roughly can be summarized in two points. First, while nominal consumption during the 2003–2019 period became more equal, real consumption inequality increased as a result of price changes during that time. Variations in household inflation rates are the primary source of increased inequality. Second, changes in indirect taxes account for 31% to 68% of the unequalizing effect of price changes, depending on the method used. Results imply that monetary and indirect tax policy mix have been in favor of the rich in this period.
通货膨胀影响消费不平等的一种方式是通过它对不同家庭购买力的不同影响。影响商品价格水平的间接税是影响消费不平等的另一个有效因素。土耳其是一个高度不平等的国家,有着长期的高通胀历史。此外,在过去几十年里,间接税经常被用作一种政策工具。本研究开发了一种新的方法来检查家庭通货膨胀率和间接税变化对实际消费不平等的相对贡献,并将其应用于土耳其的情况。分析使用家庭层面的数据和为应用Shapley和Owen分解方法而创建的人工面板数据进行。这些发现大致可以概括为两点。首先,虽然2003-2019年期间的名义消费变得更加平等,但由于那段时间的价格变化,实际消费不平等加剧了。家庭通货膨胀率的差异是不平等加剧的主要原因。其次,间接税的变化占价格变化不均衡效应的31%至68%,具体取决于使用的方法。结果表明,货币和间接税政策组合在这一时期一直有利于富人。
{"title":"Relative contributions of indirect taxes and inflation on inequality: What does the Turkish data reveal?","authors":"Selçuk Gemicioğlu, Burça Kızılırmak, Uğur Akkoç","doi":"10.1111/rode.13055","DOIUrl":"https://doi.org/10.1111/rode.13055","url":null,"abstract":"Abstract One way inflation affects consumption inequality is through its varying impact on the purchasing power of different households. Indirect taxes, which affect commodity price levels, are another effective factor influencing consumption inequality. Turkey is a highly unequal country with a long history of high inflation. Moreover, indirect taxes have been used frequently as a policy tool in the last decades. This study develops a novel approach to examining the relative contributions of household inflation rates and indirect tax changes to real consumption inequality and applies it to the case of Turkey. The analysis is carried out using both household‐level data and artificial panel data created to apply the Shapley and Owen decomposition methods. The findings roughly can be summarized in two points. First, while nominal consumption during the 2003–2019 period became more equal, real consumption inequality increased as a result of price changes during that time. Variations in household inflation rates are the primary source of increased inequality. Second, changes in indirect taxes account for 31% to 68% of the unequalizing effect of price changes, depending on the method used. Results imply that monetary and indirect tax policy mix have been in favor of the rich in this period.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"243 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135351706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of financial inclusion on household welfare in Liberia: A gendered perspective 金融普惠对利比里亚家庭福利的影响:性别视角
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-29 DOI: 10.1111/rode.13057
Francis F. B. Mulbah, Dennis Etemesi Olumeh, Vida Mantey, Billy Okemer Ipara
Abstract Financial inclusion (FI) is critical to achieving the Sustainable Development Goals, particularly zero poverty, gender equality, and reduced inequalities, but there is limited evidence of its impacts on household welfare in fragile and post‐conflict countries (FPCCs). This study analyses the impact of FI on household welfare in Liberia using the Liberian Household Income and Expenditure Survey of 2016–2017. For the empirical analysis, we use an inverse probability‐weighted regression adjustment model and separate analyses for male‐headed households (MHHs) and female‐headed households (FHHs) to identify possible gender differences. We find that using mobile money statistically significantly increases household food security for MHHs and FHHs. In particular, the welfare impact is greater for MHHs in terms of food availability, while in relation to food quality and dietary diversity, the impact is greater for FHHs. These findings show the need to scale up FI in FPCCs as a catalyst for improving household welfare.
金融包容性(FI)对于实现可持续发展目标至关重要,尤其是零贫困、性别平等和减少不平等,但有关其对脆弱和冲突后国家(FPCCs)家庭福利影响的证据有限。本研究使用2016-2017年利比里亚家庭收入和支出调查分析了FI对利比里亚家庭福利的影响。在实证分析中,我们使用了逆概率加权回归调整模型,并对男性户主家庭(MHHs)和女性户主家庭(FHHs)进行了单独分析,以确定可能的性别差异。我们发现,使用移动货币在统计上显著提高了家庭卫生保健和家庭卫生保健的家庭粮食安全。特别是,在食物供应方面,卫生保健服务对福利的影响更大,而在食物质量和饮食多样性方面,卫生保健服务对福利的影响更大。这些发现表明,有必要扩大FPCCs的金融融资额,作为改善家庭福利的催化剂。
{"title":"Impact of financial inclusion on household welfare in Liberia: A gendered perspective","authors":"Francis F. B. Mulbah, Dennis Etemesi Olumeh, Vida Mantey, Billy Okemer Ipara","doi":"10.1111/rode.13057","DOIUrl":"https://doi.org/10.1111/rode.13057","url":null,"abstract":"Abstract Financial inclusion (FI) is critical to achieving the Sustainable Development Goals, particularly zero poverty, gender equality, and reduced inequalities, but there is limited evidence of its impacts on household welfare in fragile and post‐conflict countries (FPCCs). This study analyses the impact of FI on household welfare in Liberia using the Liberian Household Income and Expenditure Survey of 2016–2017. For the empirical analysis, we use an inverse probability‐weighted regression adjustment model and separate analyses for male‐headed households (MHHs) and female‐headed households (FHHs) to identify possible gender differences. We find that using mobile money statistically significantly increases household food security for MHHs and FHHs. In particular, the welfare impact is greater for MHHs in terms of food availability, while in relation to food quality and dietary diversity, the impact is greater for FHHs. These findings show the need to scale up FI in FPCCs as a catalyst for improving household welfare.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135243495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The classical and neoclassical perspectives: A theoretical framework for studying the advent and growth of mobile money—The Tanzanian experience 经典与新古典视角:研究移动货币出现与发展的理论框架——坦桑尼亚的经验
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-29 DOI: 10.1111/rode.13056
Deogratius Joseph Mhella
Abstract The article addresses the need for comprehensive analytical frameworks or perspectives in mobile money research. It also proposes and develops a conceptual framework utilizing classical and neoclassical perspectives. The interdisciplinary nature of mobile money studies and the need for robust analytical frameworks or perspectives pose a significant challenge to researchers, creating a political‐economic gap in analyzing mobile money. In this case, classical and neoclassical mindsets bridge this gap in mobile money analysis. Moreover, the article also addresses the following research question: How have classical and neoclassical perspectives influenced the emergence and growth of mobile money in Tanzania throughout the past 15 years? The argument posits that implementing and dismantling neoliberal policies have facilitated the introduction and advancement of mobile money, drawing upon classical and neoclassical principles. In‐depth, unstructured interviews and content analysis from relevant and scholarly sources have been used as data collection methods. Thematic analysis has also been used for data analysis. The findings indicate that researchers can rely on classical and neoclassical perspectives to analyze mobile money's advent, growth, and consolidation. The implications are that classical and neoclassical perspectives provide a context and a unit of analysis that can be used to study the political‐economic issues of mobile money and other digital financial innovations.
摘要本文阐述了移动货币研究中对综合分析框架或视角的需求。它还提出并发展了一个利用古典和新古典观点的概念框架。移动货币研究的跨学科性质以及对强大的分析框架或观点的需求对研究人员构成了重大挑战,在分析移动货币时造成了政治-经济差距。在这种情况下,古典和新古典思维在移动货币分析中弥补了这一差距。此外,本文还解决了以下研究问题:在过去的15年里,古典和新古典的观点是如何影响坦桑尼亚移动货币的出现和发展的?该论点认为,实施和废除新自由主义政策促进了移动货币的引入和发展,借鉴了古典和新古典的原则。深入地,非结构化访谈和相关学术来源的内容分析被用作数据收集方法。专题分析也被用于数据分析。研究结果表明,研究人员可以依靠古典和新古典的观点来分析移动货币的出现、增长和巩固。其含义是,古典和新古典的观点提供了一个背景和一个分析单元,可用于研究移动货币和其他数字金融创新的政治经济问题。
{"title":"The classical and neoclassical perspectives: A theoretical framework for studying the advent and growth of mobile money—The Tanzanian experience","authors":"Deogratius Joseph Mhella","doi":"10.1111/rode.13056","DOIUrl":"https://doi.org/10.1111/rode.13056","url":null,"abstract":"Abstract The article addresses the need for comprehensive analytical frameworks or perspectives in mobile money research. It also proposes and develops a conceptual framework utilizing classical and neoclassical perspectives. The interdisciplinary nature of mobile money studies and the need for robust analytical frameworks or perspectives pose a significant challenge to researchers, creating a political‐economic gap in analyzing mobile money. In this case, classical and neoclassical mindsets bridge this gap in mobile money analysis. Moreover, the article also addresses the following research question: How have classical and neoclassical perspectives influenced the emergence and growth of mobile money in Tanzania throughout the past 15 years? The argument posits that implementing and dismantling neoliberal policies have facilitated the introduction and advancement of mobile money, drawing upon classical and neoclassical principles. In‐depth, unstructured interviews and content analysis from relevant and scholarly sources have been used as data collection methods. Thematic analysis has also been used for data analysis. The findings indicate that researchers can rely on classical and neoclassical perspectives to analyze mobile money's advent, growth, and consolidation. The implications are that classical and neoclassical perspectives provide a context and a unit of analysis that can be used to study the political‐economic issues of mobile money and other digital financial innovations.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135199902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of mobile payment adoption on household expenditures and subjective well‐being 移动支付对家庭支出和主观幸福感的影响
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-26 DOI: 10.1111/rode.13054
Quan He, Wanglin Ma, Puneet Vatsa, Hongyun Zheng
Abstract This paper estimates the effects of mobile payment adoption on household expenditures and people's subjective well‐being. We consider four categories of household expenditures (that on clothes, durable goods, consumer goods, and cultural and leisure activities) and four indicators (life satisfaction, contentment, income satisfaction, and depression) of subjective well‐being. We use the Augmented Inverse Probability Weighting estimator to analyze the 2017 Chinese General Social Survey data while accounting for the selection bias inherent in mobile payment adoption. The empirical results show that people's decisions to adopt mobile payment are positively associated with their educational levels, car ownership, social interaction, internet penetration rate, and residential location. Mobile payment adoption significantly increases household expenditures on consumer goods and cultural and leisure activities but not on expenditures on clothes and durable goods. Moreover, mobile payment adoption significantly decreases people's contentment while increasing depression. We also find that mobile payment adoption significantly decreases the contentment of urban people but significantly increases the depression of rural people.
摘要本文估计了移动支付的采用对家庭支出和人们主观幸福感的影响。我们考虑了四类家庭支出(服装、耐用品、消费品、文化和休闲活动)和主观幸福感的四个指标(生活满意度、满足感、收入满意度和抑郁感)。我们使用增广逆概率加权估计器来分析2017年中国综合社会调查数据,同时考虑移动支付采用中固有的选择偏差。实证结果表明,人们采用移动支付的决定与他们的教育水平、汽车保有量、社会互动、互联网普及率和居住地点呈正相关。移动支付的采用显著增加了家庭在消费品和文化休闲活动上的支出,但没有增加在服装和耐用品上的支出。此外,移动支付的采用显著降低了人们的满意度,同时增加了人们的抑郁情绪。我们还发现,移动支付的采用显著降低了城市人的满意度,但显著增加了农村人的抑郁感。
{"title":"Impact of mobile payment adoption on household expenditures and subjective well‐being","authors":"Quan He, Wanglin Ma, Puneet Vatsa, Hongyun Zheng","doi":"10.1111/rode.13054","DOIUrl":"https://doi.org/10.1111/rode.13054","url":null,"abstract":"Abstract This paper estimates the effects of mobile payment adoption on household expenditures and people's subjective well‐being. We consider four categories of household expenditures (that on clothes, durable goods, consumer goods, and cultural and leisure activities) and four indicators (life satisfaction, contentment, income satisfaction, and depression) of subjective well‐being. We use the Augmented Inverse Probability Weighting estimator to analyze the 2017 Chinese General Social Survey data while accounting for the selection bias inherent in mobile payment adoption. The empirical results show that people's decisions to adopt mobile payment are positively associated with their educational levels, car ownership, social interaction, internet penetration rate, and residential location. Mobile payment adoption significantly increases household expenditures on consumer goods and cultural and leisure activities but not on expenditures on clothes and durable goods. Moreover, mobile payment adoption significantly decreases people's contentment while increasing depression. We also find that mobile payment adoption significantly decreases the contentment of urban people but significantly increases the depression of rural people.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135719350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economic openness, financial bias, and the urban–rural income gap 经济开放、金融偏置与城乡收入差距
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-20 DOI: 10.1111/rode.13052
Zuocheng Chen, Krishna P. Paudel, Stephen Devadoss
Abstract We develop a theoretical model to analyze the impact of economic openness and financial bias (i.e., open sector bias and urban area bias) on the urban–rural income gap. Our theoretical model puts forth three propositions, which we empirically test using a dynamic panel data model. We use data from 30 provinces in China spanning from 2004 to 2017 for our empirical analysis. Our results reveal a U‐shaped relationship between the urban–rural income gap and the level of regional economic openness. We also find an inverted U‐shaped relationship between the urban–rural income gap and the open sector bias of regional financial development. Moreover, our analysis indicates a positive relationship between the urban–rural income gap and urban area bias in regional financial development. These three propositions hold true for both nominal and real measures of the income gap.
摘要本文建立了一个理论模型,分析了经济开放度和金融偏差(即开放部门偏差和城市地区偏差)对城乡收入差距的影响。我们的理论模型提出了三个命题,并使用动态面板数据模型对其进行了实证检验。我们使用2004年至2017年中国30个省份的数据进行实证分析。研究结果表明,城乡收入差距与区域经济开放水平呈U型关系。城乡收入差距与区域金融发展开放部门偏向之间存在倒U型关系。此外,我们的分析表明,城乡收入差距与区域金融发展的城市区域偏差之间存在正相关关系。这三个命题对名义收入差距和实际收入差距都适用。
{"title":"Economic openness, financial bias, and the urban–rural income gap","authors":"Zuocheng Chen, Krishna P. Paudel, Stephen Devadoss","doi":"10.1111/rode.13052","DOIUrl":"https://doi.org/10.1111/rode.13052","url":null,"abstract":"Abstract We develop a theoretical model to analyze the impact of economic openness and financial bias (i.e., open sector bias and urban area bias) on the urban–rural income gap. Our theoretical model puts forth three propositions, which we empirically test using a dynamic panel data model. We use data from 30 provinces in China spanning from 2004 to 2017 for our empirical analysis. Our results reveal a U‐shaped relationship between the urban–rural income gap and the level of regional economic openness. We also find an inverted U‐shaped relationship between the urban–rural income gap and the open sector bias of regional financial development. Moreover, our analysis indicates a positive relationship between the urban–rural income gap and urban area bias in regional financial development. These three propositions hold true for both nominal and real measures of the income gap.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"174 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136309276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does household welfare change with finance access? The case of women and the youth in The Gambia 家庭福利是否随着金融渠道的变化而变化?冈比亚妇女和青年的案例
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-19 DOI: 10.1111/rode.13053
Laston Petro Manja, Isatou A. Badjie
Abstract Poor access to finance remains one of the key challenges faced by households and businesses in The Gambia in the face of an underdeveloped financial market. Yet, women and the youth are further disadvantaged as they are reported to face peculiar challenges in finance access, in spite of efforts taken by different stakeholders, including the government. Therefore, this study examines the impacts of various forms of finance on welfare for these marginalized groups by supporting quantitative analyses of the Integrated Household Survey data with some qualitative information. Adopting Lokshin and Sajaia's (2004) endogenous regime switching estimator, due to the nonrandomness of access to finance, the study finds that women households significantly benefit from informal finance through improved food consumption expenditure, and from formal finance through improved income amidst a growing business culture. For the youth, estimates of treatment effects show that informal finance is significantly welfare‐degrading, but formal finance improves almost all measures of welfare. The results reveal, among other things, variations in efficiency and risk attitudes in the use of various forms of finance by the different subpopulations, calling for interventions that increase the level of knowledge and consumer protection.
面对不发达的金融市场,难以获得融资仍然是冈比亚家庭和企业面临的主要挑战之一。然而,妇女和青年进一步处于不利地位,因为据报道,尽管包括政府在内的不同利益攸关方做出了努力,但他们在融资渠道方面面临着特殊挑战。因此,本研究通过支持综合住户调查数据的定量分析和一些定性信息,来检验各种形式的金融对这些边缘化群体福利的影响。采用Lokshin和Sajaia(2004)的内生制度转换估计量,由于获得融资的非随机性,研究发现,在商业文化不断发展的情况下,女性家庭通过改善食品消费支出从非正式融资中显著受益,通过提高收入从正式融资中显著受益。对于年轻人来说,对治疗效果的估计表明,非正规金融显著降低了他们的福利,但正规金融几乎改善了所有的福利指标。结果显示,除其他外,不同亚群体在使用各种形式的金融方面的效率和风险态度存在差异,要求采取干预措施,提高知识水平和保护消费者。
{"title":"Does household welfare change with finance access? The case of women and the youth in The Gambia","authors":"Laston Petro Manja, Isatou A. Badjie","doi":"10.1111/rode.13053","DOIUrl":"https://doi.org/10.1111/rode.13053","url":null,"abstract":"Abstract Poor access to finance remains one of the key challenges faced by households and businesses in The Gambia in the face of an underdeveloped financial market. Yet, women and the youth are further disadvantaged as they are reported to face peculiar challenges in finance access, in spite of efforts taken by different stakeholders, including the government. Therefore, this study examines the impacts of various forms of finance on welfare for these marginalized groups by supporting quantitative analyses of the Integrated Household Survey data with some qualitative information. Adopting Lokshin and Sajaia's (2004) endogenous regime switching estimator, due to the nonrandomness of access to finance, the study finds that women households significantly benefit from informal finance through improved food consumption expenditure, and from formal finance through improved income amidst a growing business culture. For the youth, estimates of treatment effects show that informal finance is significantly welfare‐degrading, but formal finance improves almost all measures of welfare. The results reveal, among other things, variations in efficiency and risk attitudes in the use of various forms of finance by the different subpopulations, calling for interventions that increase the level of knowledge and consumer protection.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135063240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimating the health production function for Pakistan: Do environmental factors matter? 估计巴基斯坦的卫生生产函数:环境因素重要吗?
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-15 DOI: 10.1111/rode.13048
Abdul Majid Awan, Muhammad Azam Khan, Saleem Khan
Abstract It is essential for sustainable economic development to comprehend how environmental factors impact public health. This study analyses this relationship in the context of Pakistan using long‐term data. This study aims to determine how environmental factors influence health production function in Pakistan to enlighten policy decisions that can improve human life and advance the cause of sustainable development. We hypothesize, based on prior research, that urbanization and rainfall will increase life expectancy in Pakistan, while deforestation, temperature, and CO 2 emissions will decrease it. To verify our theory, we use the autoregressive distributed lag (ARDL) method to calculate the long‐run association between the variables, as well as the Zivot–Andrews and Lee–Strazicich unit root tests to identify structural breaks. Utilizing the bound and Gregory–Hansen co‐integration tests, co‐integration is confirmed. According to ARDL estimates, there are statistically significant correlations between factors that affect Pakistan's life expectancy, such as deforestation, temperature, and CO 2 emissions, as well as rainfall and urbanization. The findings of this study underscore the importance of addressing environmental degradation and deforestation in Pakistan. For enhancing human life and achieving sustainable development objectives in the nation, it is essential to modernize forest laws and regulations and adopt eco‐friendly technologies.
了解环境因素对公众健康的影响对经济可持续发展至关重要。本研究使用长期数据分析了巴基斯坦背景下的这种关系。本研究旨在确定环境因素如何影响巴基斯坦的卫生生产功能,以启发能够改善人类生活和推进可持续发展事业的政策决策。基于先前的研究,我们假设城市化和降雨将增加巴基斯坦人的预期寿命,而森林砍伐、温度和二氧化碳排放将减少预期寿命。为了验证我们的理论,我们使用自回归分布滞后(ARDL)方法来计算变量之间的长期关联,以及Zivot-Andrews和Lee-Strazicich单位根检验来识别结构断裂。利用界检验和Gregory-Hansen协整检验,协整得到了证实。根据ARDL的估计,影响巴基斯坦人预期寿命的因素之间存在统计学上显著的相关性,例如森林砍伐、温度和二氧化碳排放,以及降雨和城市化。这项研究的结果强调了解决巴基斯坦环境退化和森林砍伐问题的重要性。为了提高人民的生活水平,实现国家的可持续发展目标,必须使森林法律法规现代化,采用生态友好型技术。
{"title":"Estimating the health production function for Pakistan: Do environmental factors matter?","authors":"Abdul Majid Awan, Muhammad Azam Khan, Saleem Khan","doi":"10.1111/rode.13048","DOIUrl":"https://doi.org/10.1111/rode.13048","url":null,"abstract":"Abstract It is essential for sustainable economic development to comprehend how environmental factors impact public health. This study analyses this relationship in the context of Pakistan using long‐term data. This study aims to determine how environmental factors influence health production function in Pakistan to enlighten policy decisions that can improve human life and advance the cause of sustainable development. We hypothesize, based on prior research, that urbanization and rainfall will increase life expectancy in Pakistan, while deforestation, temperature, and CO 2 emissions will decrease it. To verify our theory, we use the autoregressive distributed lag (ARDL) method to calculate the long‐run association between the variables, as well as the Zivot–Andrews and Lee–Strazicich unit root tests to identify structural breaks. Utilizing the bound and Gregory–Hansen co‐integration tests, co‐integration is confirmed. According to ARDL estimates, there are statistically significant correlations between factors that affect Pakistan's life expectancy, such as deforestation, temperature, and CO 2 emissions, as well as rainfall and urbanization. The findings of this study underscore the importance of addressing environmental degradation and deforestation in Pakistan. For enhancing human life and achieving sustainable development objectives in the nation, it is essential to modernize forest laws and regulations and adopt eco‐friendly technologies.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135436321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Correction to “Overeducation and skill mismatch of university graduates in Taiwan” 更正“台湾大学毕业生教育过度与技能失配”
4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-09-14 DOI: 10.1111/rode.13051
{"title":"Correction to “Overeducation and skill mismatch of university graduates in Taiwan”","authors":"","doi":"10.1111/rode.13051","DOIUrl":"https://doi.org/10.1111/rode.13051","url":null,"abstract":"","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134971008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Mineral extraction and long‐term human capital accumulation 矿产开采和长期人力资本积累
IF 1.6 4区 经济学 Q2 DEVELOPMENT STUDIES Pub Date : 2023-08-30 DOI: 10.1111/rode.13050
Chen Feng, Yao Zhang, Renjie Zhao, Xiaolu Zhao
This study examines the long‐term impacts of early coal mining on human capital outcomes. Based on coal mines across 260 prefectures in late Qing China (c.1840–1912), we find that early coal mining led to a significant rise in schooling years in 2000. We trace the historical channels and show that the influence of early coal mining has persisted through and helped shape the modernization of China, which includes local industrialization and a complimentary supply of educational infrastructure. These results suggest that in contrast to other grabbing mineral extraction, inclusive coal mining systems benefit long‐term human capital accumulation and economic growth, not mining activity per se.
本研究考察了早期煤炭开采对人力资本结果的长期影响。基于清末中国(c.1840-1912) 260个县的煤矿,我们发现早期的煤矿开采导致2000年教育年限的显著增加。我们追溯了历史渠道,并表明早期煤炭开采的影响一直持续存在,并帮助塑造了中国的现代化,其中包括地方工业化和免费提供的教育基础设施。这些结果表明,与其他掠夺性矿产开采相比,包容性煤炭开采系统有利于长期人力资本积累和经济增长,而不是采矿活动本身。
{"title":"Mineral extraction and long‐term human capital accumulation","authors":"Chen Feng, Yao Zhang, Renjie Zhao, Xiaolu Zhao","doi":"10.1111/rode.13050","DOIUrl":"https://doi.org/10.1111/rode.13050","url":null,"abstract":"This study examines the long‐term impacts of early coal mining on human capital outcomes. Based on coal mines across 260 prefectures in late Qing China (c.1840–1912), we find that early coal mining led to a significant rise in schooling years in 2000. We trace the historical channels and show that the influence of early coal mining has persisted through and helped shape the modernization of China, which includes local industrialization and a complimentary supply of educational infrastructure. These results suggest that in contrast to other grabbing mineral extraction, inclusive coal mining systems benefit long‐term human capital accumulation and economic growth, not mining activity per se.","PeriodicalId":47635,"journal":{"name":"Review of Development Economics","volume":" ","pages":""},"PeriodicalIF":1.6,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48414345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
Review of Development Economics
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1